The Nifty IT index has entered bear market territory after a sharp decline, falling over 21 percent from its peak. The recent drop of nearly three percent in a single trading session has led to a significant erosion of wealth, wiping out approximately Rs 8.4 lakh crore in market capitalisation. Nine out of the ten […]
Shares of Coromandel International will be in focus on March 13 after the fertiliser company announced its plan to acquire a 53 percent stake in NACL Industries Ltd for Rs 820 crore. The transaction, priced at Rs 76.7 per share, involves purchasing shares from the current promoter, KLR Products Limited. NACL Industries is a well-established
Coromandel International to Acquire 53% Stake in NACL Industries for Rs 820 Crore Read More »
Power Finance Corporation’s (PFC) board of directors sanctioned a Rs 1,40,000 crore borrowing program for the 2025-26 fiscal year. The step was taken during a March 12, 2025, board meeting as per the company’s regulatory filing. In addition to the plan for borrowing, the board also announced the fourth interim dividend for the financial year
PFC Board Approves Rs 1.4 Lakh Crore Borrowing Plan for FY26, Declares Interim Dividend Read More »
Billionaire Gautam Adani’s real estate unit has emerged as the highest bidder for redeveloping one of Mumbai’s largest housing projects, the Motilal Nagar Development Project, at an estimated cost of Rs 36,000 crore ($4.1 billion), according to sources familiar with the matter. Adani Properties Pvt Ltd, which is part of the Adani group, placed the
Adani Set to Secure $4.1 Billion Mumbai Housing Redevelopment Project Read More »
Tata Consultancy Services (TCS) has announced the acquisition of 100 percent equity shares in Darshita Southern India Happy Homes for Rs 2,250 crore, the company stated in a stock exchange filing on March 11. As part of the deal, TCS will acquire the land and building of the real estate firm, which will be transformed
Reliance Jio has signed a deal with SpaceX to bring Starlink’s satellite internet services to India, the company announced on March 12. This agreement comes just a day after Bharti Airtel made a similar move in the satellite broadband sector. The partnership is subject to regulatory approval, as SpaceX still needs government authorization to offer
Jio Partners with SpaceX to Bring Starlink Internet to India Read More »
Indian electric scooter maker Ather Energy is reportedly considering launching its initial public offering (IPO) in Mumbai at a valuation of around $1.2 billion. The company, backed by Hero MotoCorp, had earlier aimed for a $2 billion valuation, but market conditions have led to a revised target. According to reports, Ather may sell shares by
Ather Energy Plans IPO at $1.2 Billion Valuation to Raise $400 Million Read More »
Zydus Lifesciences has entered into exclusive negotiations to acquire an 85.6 percent controlling stake in Amplitude Surgical SA, a French medical technology company specializing in lower-limb orthopedic solutions. The deal, valued at €256.8 million (Rs 2,447 crore), will mark Zydus’ entry into the medtech sector, expanding beyond its traditional pharmaceutical business. Under the agreement, Zydus
Zydus Lifesciences to Acquire French Medtech Firm Amplitude Surgical for Rs 2,447 Crore Read More »
Shares of NTPC and its subsidiary NTPC Green Energy Ltd traded higher on Tuesday after the company announced its plan to invest ₹96,000 crore in clean energy projects in Chhattisgarh. While NTPC shares recovered from early losses and gained nearly 0.2 percent, NTPC Green Energy saw a rise of around 1.5 percent in intraday trade.
Karnataka is set to introduce a new IT policy this year, focusing on cloud computing and emerging technologies while expanding the state’s technology presence beyond Bengaluru to tier-2 and tier-3 cities. This policy, mentioned in the state budget on March 7, aims to strengthen Karnataka’s position as a global technology hub by attracting investments and
Karnataka Budget 2025: New IT Policy to Boost Cloud Computing and Emerging Technologies Read More »
